In 8 of the 9 times Chicago PMI has printed today’s level it came with a Recession.

In 8 of the 9 times Chicago PMI has printed today's level it came with a Recession. pic.twitter.com/WtgIMkYu94

— Not Jim Cramer (@Not_Jim_Cramer) October 31, 2019

Worst Chicago PMI since 12/2015. But that's okay. This isn't a pre-#recession period. It's a "mid-cycle correction" right? You know, 124 mos. into the longest expansion in history – one which you have to believe will reach 248 months for this to be a mid-cycle move, per "math"

— Mike Larson (@RealMikeLarson) October 31, 2019

Chicago PMI Plunges To 4 Year Low

…plunging from 50.4 in August to 43.2 (contraction) in October (well below the 48.0 expected).

Under the hood:

• Prices paid rose at a slower pace, signaling expansion
• New orders fell at a faster pace, signaling contraction
• Employment fell at a slower pace, signaling contraction
• Inventories fell at a slower pace, signaling contraction
• Supplier deliveries rose at a faster pace, signaling expansion
• Production fell at a slower pace, signaling contraction
• Order backlogs fell at a faster pace, signaling contraction

This is unpossible… haven’t the people living in Chicago looked at the stock market recently?

#recession #slowdown
👇 https://t.co/cNJfybdNlb

— The Long Game (@7LongGame) October 31, 2019